Kbc Adv.Tech. Share Discussion Threads

[apad] 29/9/2014 14:37

What a refreshing lack of management speak, and a believable narrative.
Have put on my increase list.
Thanks SG.
apad

[simon gordon] 29/9/2014 13:08

The webinar has been uploaded to YouTube:

[apad] 29/9/2014 08:42

And more today.
You don't think Kestrel has ambitions to take KBC private do you?
apad

[dasv] 25/9/2014 15:53

presentation here - petro sim already got a meaty order in H2 plus petro-sim 6.0 coming out in Q4

[apad] 24/9/2014 18:30

Blimey!
apad

[zipstuck] 24/9/2014 07:53

i think someone was mopping up yesterday

[apad] 23/9/2014 17:16

Goodness, reads like an advert.

In terms of the looking back, looking forward argument. I wasn't suggesting that Scott's piece was definitive, merely that it was interesting.

The future is a foreign country and there is significant uncertainty about the new software offerings and whether they will be embraced by a conservative, user industry.

SRT, with superb technology is still a jam tomorrow share, Psion was a decade ahead of the pack and failed. There are plenty of examples of great technology companies that have failed. Which brings me, again, to my favourite quote:
"There are three ways to ruin yourself -- gambling, women, and
technology. Gambling is the fastest. Women are the most
pleasurable. Technology is the most certain."
Georges Pompidou

I'm sticking with KBC, at an excellent profit, for the moment but, like a big fierce animal, I am extremely nervous.

Enough with the subordinate clauses already.
apad

[brummy_git] 23/9/2014 16:41

New note out from Equity Development this am

hxxp://www.equitydevelopment.co.uk/doc/1251.pdf

[simon gordon] 23/9/2014 13:48

Tweet by Equity Dev:

KBC +ve mgmt meeting, working capital affected by payment on July 4th, move upstream transformed with FEESA acquisition, strong prospects.

====

Bakunin,

I agree with your analysis in post 1765.

[kenbarlowx] 23/9/2014 13:47

Hello there. As a novice accounts reader I'm curious about the fluctuating tax payable & tax receivable numbers - since tax rates are a major factor here.
Deferred tax assets 447 1,813 447
Current tax receivable 2,297 484 1,647
Current tax payable (4,268) (1,266) (4,745)
Deferred tax liabilities (1,272) (3,041) (1,476)
= -2796 -2010 -4127
can't understand it, but the net number seems to be reduced..


also the 30% of receivables owed by Ecuador.. googling a bit shows a big overhaul of one of that country's big refineries to deal with changing oil inputs.

[simon gordon] 23/9/2014 10:16

Tech Market View - 23/9/14:

KBC: reallocating resources to align with growth markets

KBC Advanced Technologies, the specialist provider of software and services to the hydrocarbon industry, is still working on its upward turn and H1 (to June 30 2014) shows an improvement compared to its year end results (see here), but there is still volatility and varying performance within the business.

Revenue was up 9% to £34.3m and within that the troublesome consulting division was up 17% and its suffering margins also saw an improvement, but technology was down 13%, although against a strong comparative period. PBT was flat at £2.9m, but up 64% to £3.6m when adjusted for currency rate changes.

The company is pulling multiple levers to strengthen its position and is making some progress. Consulting is back in profit for example, and it is acquiring software IP to broaden its market reach, including purchasing UK business FEESA in July 2014. It also undertook a share placing in May to gain capital to fund acquisitions. The root of its volatility is that its market is shifting from mature areas such as North America to South America, Middle East and parts of Asia (it has gained new business in Saudi Arabia, Kuwait, Jordan and Thailand recently for example) so KBC is having to shift its resources to serve these growth areas. That is a tricky transition that takes time to solidify.

[woodcutter] 23/9/2014 10:09

thanks APAD just read it..................great minds.....;-)

[woodcutter] 23/9/2014 10:04

had a quick look at KBC this morning on release of results.

Concluded that the share price is pretty much up with events, may even drift lower. Perhaps need to research in more detail but don't like the growth in receivables it looks far to large relative to revenue. Nice to see the capitalisation of software considerably less than amortisation so where appropriate i figure much of the development is being written off to the P&L as it's completed.

Decent balance sheet (aside of receivables) even after cash spent on acquisitions. Might need to look a better stage payment terms on some of the larger contracts.

Chart doesn't look good though, all the indicators ROC,MACD,RSI,ADX all showing weakness. Will watch for now.

Woody